response. uèstion 14 Williams Enterprises for 2021 applies overhead based on direct labor cost ($). The company estimates that their manufacturing overhead for the year will be $240,000, and direct labor cost to be $300,000. Actual direct labor cost for Williams during 2021 was $316,000. REQUIRED: The journal entry to record manufacturing overhead would include a: O a. Debit to Work in Process Inventory for $316,000. O b. Credit to Manufacturing Overhead Control for $316,000. OC. Credit to Manufacturing Overhead Control for $252,800. O d.Credit to Work in Process Inventory for $252,800.
response. uèstion 14 Williams Enterprises for 2021 applies overhead based on direct labor cost ($). The company estimates that their manufacturing overhead for the year will be $240,000, and direct labor cost to be $300,000. Actual direct labor cost for Williams during 2021 was $316,000. REQUIRED: The journal entry to record manufacturing overhead would include a: O a. Debit to Work in Process Inventory for $316,000. O b. Credit to Manufacturing Overhead Control for $316,000. OC. Credit to Manufacturing Overhead Control for $252,800. O d.Credit to Work in Process Inventory for $252,800.
Chapter1: Financial Statements And Business Decisions
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Quèstion 14
Williams Enterprises for 2021 applies overhead based on direct labor cost ($).
The company estimates that their manufacturing overhead for the year will be $240,000, and direct labor cost to be $300,000.
Actual direct labor cost for Williams during 2021 was $316,000.
REQUIRED: The journal entry to record manufacturing overhead would include a:
O a. Debit to Work in Process Inventory for $316,000.
O b. Credit to Manufacturing Overhead Control for $316,000.
O c. Credit to Manufacturing Overhead Control for $252,800.
O d. Credit to Work in Process Inventory for $252,800.
A Moving to another question will save this response.
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